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La Amistad Centro (Cuenca) Group
In this Group: Cruz María, María Rebeca, Rosa Janeth, María Fernanda, Carlos Gilberto, Sergio Ruben, Priscila Katherine*, David Enrique
* not pictured
The “La Amistad Centro” (The Friendship Center) Communal Bank is comprised of five women and three men. They are friends and acquaintances who live in the outskirts of the city of Cuenca. This city was named the Cultural Heritage of Humanity in December, 1999. The city has a widely varied gastronomy, which captivates the palate of natives and foreigners. Its people are warm and friendly.

The members of this group are hard-working people who struggle day to day in order to get their families ahead.

Rosa is one of the members of the communal bank. She lives in the outskirts of the city of Cuenca. She is 42 years old and married. She has two children, ages 23 and 18. Her first child, a son, works to cover his personal expenses. Her second child, a daughter, attends a school in the city. Her husband is out of the country. She does not have her own house, so she lives in a rented home.

Rosa has had a bazaar for seven years. She tends this business from Monday through Friday from nine in the morning until seven at night.

This is her first loan with the communal bank, which she was invited to join by a neighbor. She will use the money from the loan to buy items for her bazaar.
View original language description ↓
El banco comunal La Amistad Centro esta formado por 5 mujeres y 3 hombres quienes son amigos y conocidos, viven en los alrededores de la ciudad de Cuenca, esta ciudad es patrimonio cultural de la humanidad desde diciembre de 1999, cuenta con una amplia gastronomía la misma que cautiva el paladar de propios y extraños, su gente es muy amable y cordial. Los integrantes de este grupo son personas trabajadoras y luchan día a día para salir adelante con sus familias.

Una de las socias de este Banco Comunal es la Señora Rosa, ella vive por los alrededores de la ciudad de Cuenca.

Tiene 42 años, es casada y ha concebido 2 hijos de 23, 18 años de edad, su primer hijo trabaja para cubrir sus gastos personales, su segunda hija esta estudiando en un colegio de la ciudad. Su esposo se encuentra fuera del país, no tiene casa propia por lo que vive arrendando.

Doña Rosa tiene hace 7 años un bazar el mismo que atiende de lunes a viernes desde las 9 de la mañana hasta las 7 de la noche.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por una vecina, el dinero de su crédito lo va a invertir en la compra de artículos de bazar.

Su meta es comprarse un vehículo.


Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,200
    Average annual income
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Amistad Centro (Cuenca) Group's $3,100 loan helped a member to buy bazaar items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2011
Listed
Jun 27, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012